Optas LLC Takes $222,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Optas LLC acquired a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 897 shares of the semiconductor provider’s stock, valued at approximately $222,000.

Other hedge funds have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in shares of NXP Semiconductors during the first quarter valued at approximately $25,000. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $26,000. FinTrust Capital Advisors LLC raised its holdings in shares of NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $33,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Cantor Fitzgerald upped their target price on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. The Goldman Sachs Group upped their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the company from $265.00 to $325.00 in a report on Friday, May 24th. Finally, Argus upped their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded up $4.08 during midday trading on Friday, reaching $269.09. 2,228,047 shares of the company were exchanged, compared to its average volume of 1,718,311. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average is $264.90 and its two-hundred day moving average is $243.38. NXP Semiconductors has a one year low of $167.21 and a one year high of $286.87. The stock has a market cap of $68.80 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.51 and a beta of 1.50.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. As a group, analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.51%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.